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Economy
How School Zone Alterations Could Influence Auckland house prices
April 23, 2021 08:10 AM PDT| By Team Kalkine MediaSummary REINZ has warned that alteration to school enrolment zones in Auckland could drive house prices further in the region. Property experts anticipate demand to rise in suburbs having top schools. Families that are eager to get a house in .....
Is Transport The Main Driver For NZ Inflation in Q1 2021?
April 21, 2021 09:33 PM PDT| By ManikaSummary Increase in transport costs was the main reason for quarterly inflation. But there were other reasons too, like the housing prices. The inflation is still low as compared to the RBNZ target. The inflation numbers as announced on W.....
ANZ slashes variable mortgage rates by up to 90bps
April 21, 2021 07:58 PM PDT| By Team Kalkine MediaAustralia And New Zealand Banking Group (NZX:ANZ, ASX:ANZ) is the first bank to slash variable mortgage interest rates in 2021. ANZ has cut off up to 0.9% from its variable rate home loans and altered its package discount structure on April 19. The...
NZ economy would stay buoyant to external headwinds: Moody's
April 21, 2021 01:10 PM PDT| By Team Kalkine MediaNew Zealand’s economy is one of the most well-placed economies in the world, partly owing the credit to its hard and early response to the COVID-19 pandemic. NZ witnessed an increase in the economic activity in the second half of 2020. NZ&rsqu...
Does NZ need to lower dependency on swiftly expanding Chinese economy?
April 20, 2021 11:01 PM PDT| By Team Kalkine MediaAs per the latest statistics by the National Bureau of Statistics of China, China’s GDP grew 18.3% YOY in Q1, reaching 24.93 trillion yuan. This comes after a 6.5% expansion in Q4 of 2020. China's first-quarter record success would boost growth...
NZ Inflation Moves Up, Will RBNZ Increase Interest Rates Now?
April 20, 2021 09:14 PM PDT| By ManikaNew Zealand’s Consumer Price Index (CPI) has moved up by 0.8% in Q1, much above the forecast of 0.7%. The annual inflation was also above expectations at 1.5% as compared to 1.4% the previous year. While this is being seen as a g.....
Why NZ House Buying Spree Refuses to Die Down
April 20, 2021 06:38 PM PDT| By Team Kalkine MediaProperties are being snapped up in New Zealand quickly. Several properties in various regions are experiencing a decline in the time a house is sold in the market as compared to 2020. As per the latest data from real-estate consultant Trade Me, an a...
Will Trans-Tasman bubble give a respite to the NZ economy?
April 19, 2021 11:07 PM PDT| By Team Kalkine MediaSummary The AU-NZ travel bubble news came as a respite for many families and tourist operators. Jacinda Ardern had announced that trans-Tasman bubble would begin from 19 April. Travel bubble could give a boost to NZ economy by $1 billion. .....
In New Report, Concerns Raised About New Zealand’s Productivity
April 19, 2021 09:48 PM PDT| By RomaSummary Concerns about New Zealand productivity after new report. Product Commission Chair advices innovation to New Zealand businesses. Smart work over hard work, need of the hour. Smart work has always fetched better results than hard w.....
Record properties sold in March, S&P expects NZ house prices to drop
April 16, 2021 01:00 PM PDT| By Team Kalkine MediaSource: 89stocker, Shutterstock Summary The highest number of properties were sold in March. The NZ government announced many measures to fix housing crisis. S&P Global expects the NZ house prices to fall. Latest REINZ statistics for...
Stats NZ: Businesses to carry out R&D despite COVID-19
April 15, 2021 07:32 PM PDT| By Team Kalkine MediaSource: SmartPhotoLab, Shutterstock Summary Research and development activity is expected to stay steady in the future despite COVID-19. 41% businesses have planned to increase their R&D spend over the next financial year. COVID-19 caused...
Why RBNZ left OCR unchanged in its monitory policy meet
April 13, 2021 11:26 PM PDT| By Team Kalkine MediaSource: PIC SNIPE, Shutterstock Summary RBNZ left its OCR unchanged at 0.25% on Wednesday. The bank’s LSAP and FLP programmes will also continue to operate under existing conditions. It plans to keep monetary policy settings loose until...
Will NZ economic activity gather momentum in March quarter?
April 12, 2021 06:09 PM PDT| By Team Kalkine MediaSource:Freedomz, Shutterstock Summary NZ has performed strongly in the race to combat COVID-19. A think tank’s latest quarterly survey has revealed that there has been a small pick-up in business confidence. Survey results have been coh...
Are Kiwis inclining towards Australia amid soaring house prices?
April 12, 2021 12:05 AM PDT| By Team Kalkine MediaSource: Alexander Raths, Shutterstock The NZ government has taken several measures to curb the unsustainable rise in house prices. House prices in NZ have risen by over 20% and are about 25% in Auckland since the COVID-19 pandemic started. New...
RBNZ’s Monetary Review: Will OCR Be Raised On Wednesday?
April 11, 2021 07:48 PM PDT| By ManikaSource: Freedomz, Shutterstock Summary Monetary Policy Review to be done on Wednesday. Will the Central Bank fiddle with the OCR is the question Economic uncertainty points to a no change in OCR. All eyes are on the Reserve Bank of New Z...
What’s in President Biden’s 2022 Budget Proposal
April 10, 2021 08:32 PM PDT| By Team Kalkine Mediahike in government spending, a whopping 40% increase from the 2021 fiscal year. President Joe Biden is seeking more funds for education, healthcare, and renewable energy and research in a budget outline for next year released by the White House....
Are NZ’s new property investment curbs distasteful?
April 10, 2021 01:00 PM PDT| By Team Kalkine MediaSource: xiaoyuguai, Shutterstock Summary PM Jacinda Ardern announced many changes in housing policy of NZ in March. Property investors are not happy with the announced housing changes. Goldman Sachs stated that new restrictions on housing cou...
Why Is NZ Business Confidence Moving Towards The Lower Side?
April 08, 2021 01:15 PM PDT| By Team Kalkine MediaSource: Panumas Yanuthai, Shutterstock Summary ANZ Business Outlook Survey outlines a fall of 4 points in Kiwi business confidence. Price expectations mark a record high, as cost expectations also surge. In spite of economic recovery signs in...
Savings, Govt. Spending To Fuel US Economic Boom In 2023: JP Morgan
April 08, 2021 10:16 AM PDT| By Team Kalkine MediaSource: Pixabay Summary JP Morgan CEO Jamie Dimon says stimulus savings, deficit spending will lead to an economic boom through 2023. Dimon also anticipates a significant reduction in the company’s real estate needs as it shifts towards...
IMF Raises 2021 US Growth Forecast To 6.4%
April 07, 2021 12:49 AM PDT| By Team Kalkine MediaSource: DCStockPhotography, Shutterstock Summary Global economy is estimated to grow 6 percent in 2021 after contracting 3.3 percent in 2020. Additional fiscal support in a few large economies particularly the U.S. boosted the outlook. Global e...
